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Darius Lewington, solicitor in the Lexis®PSL Corporate team, outlines what companies and lawyers need to know about the recent discussion paper from the National Association of Pensions Funds (NAPF) on the subject of companies’ reporting of workforce matters.
Where is the workforce in corporate reporting?
The National Association of Pension Funds (NAPF) has published a discussion paper looking at how companies are currently reporting in their annual report and accounts on workforce matters and making suggestions for how such reporting could be improved.
The Accounting Directive reflects very closely the UK’s strategic report regulations and will require companies to disclose in their annual report information on:
With respect to social and employee-related matters, the information provided by companies may concern the actions taken to ensure:
What are the turnover figures? Is talent being undesirably lost? Relevant metrics include:
What investment is made in training and development? Are the talents of the workforce being maximised and productivity gains being achieved? Relevant metrics include:
Is there a positive culture? Is the workforce motivated? Are the employees advocates for the business? Relevant metrics include:
NAPF will host a series of roundtables in the second half of 2015 to bring together investors, analysts, companies, standard setters and policy makers to develop expectations further. The conclusions of these discussions will also be incorporated into NAPF’s Corporate Governance Policy & Voting Guidelines. NAPF will also provide an assessment of the progress made in this area in its 2016 Annual AGM Report.
Darius Lewington, solicitor in the Lexis®PSL Corporate team.
0330 161 1234